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Zaxby's 7643 E Brainerd Rd 3,574 SF Retail Building Chattanooga, TN 37421 $3,987,425 CAD ($1,115.68 CAD/SF) 6% Cap Rate
Investment Highlights
- No State Income Tax
- Strong Franchisee Guarantee
- Strong Unit Level Financials
Executive Summary
Surmount is pleased to present the exclusive listing for a Zaxby's located at 7643 East Brainerd Road, Chattanooga, TN 37421. The site consists of roughly 3,574 rentable square feet of building space on an estimated 1.03-acre parcel of land. Zaxby's is subject to a 20-year Triple Net (NNN) lease, which commenced 2/1/2022. The current annual rent is $173,983 and has scheduled increases of 2.00% Annually Starting 2/1/2028.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,574 SF
Building Class
B
Year Built
2004
Price
$3,987,425 CAD
Price Per SF
$1,115.68 CAD
Cap Rate
6%
NOI
$239,369 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.03 AC
Zoning
C - zoned for commercial use
Frontage
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 159I-A-016.01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,161,882 CAD |
Property Taxes
Parcel Number
159I-A-016.01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,161,882 CAD
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Zaxby's | 7643 E Brainerd Rd
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